Vipshop Holdings Limited (NYSE:VIPS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Vipshop Holdings Limited (NYSE:VIPS) has been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $20.65.

A number of equities research analysts recently commented on VIPS shares. Citigroup reissued a “neutral” rating on shares of Vipshop in a research note on Thursday, November 20th. JPMorgan Chase & Co. upped their price target on shares of Vipshop from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, November 21st. Barclays increased their price target on shares of Vipshop from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, November 21st. Zacks Research raised shares of Vipshop from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 20th. Finally, Benchmark restated a “hold” rating on shares of Vipshop in a research report on Friday, November 21st.

Institutional Trading of Vipshop

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VIPS. Arax Advisory Partners lifted its holdings in Vipshop by 96.8% in the 4th quarter. Arax Advisory Partners now owns 1,407 shares of the technology company’s stock valued at $25,000 after purchasing an additional 692 shares in the last quarter. Richardson Financial Services Inc. grew its holdings in shares of Vipshop by 153.8% during the fourth quarter. Richardson Financial Services Inc. now owns 2,063 shares of the technology company’s stock worth $36,000 after buying an additional 1,250 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of Vipshop by 8,472.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,143 shares of the technology company’s stock worth $38,000 after buying an additional 2,118 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of Vipshop by 575.5% in the third quarter. Global Retirement Partners LLC now owns 2,925 shares of the technology company’s stock valued at $57,000 after buying an additional 2,492 shares during the last quarter. Finally, Cooper Investors PTY Ltd. acquired a new position in shares of Vipshop in the fourth quarter valued at approximately $58,000. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Price Performance

VIPS opened at $15.90 on Wednesday. Vipshop has a 1-year low of $12.14 and a 1-year high of $21.08. The stock has a market cap of $8.15 billion, a P/E ratio of 7.99, a P/E/G ratio of 1.30 and a beta of 0.67. The stock’s 50 day simple moving average is $17.20 and its 200 day simple moving average is $18.31.

Vipshop Increases Dividend

The business also recently declared an annual dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be issued a $0.62 dividend. This represents a dividend yield of 342.0%. This is a positive change from Vipshop’s previous annual dividend of $0.43. The ex-dividend date of this dividend is Friday, April 10th. Vipshop’s payout ratio is presently 24.12%.

About Vipshop

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.